Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No.318/2021, which includes connected application IA No. 663/2021. The appeal involves M/s. Sitalakshmi Mills as the Appellant versus Mr. T.V. Balsubramaniam, the Resolution Professional of Solingar Textiles Ltd., and another respondent. The matter concerns insolvency proceedings, though the specific nature of the dispute or allegations is not detailed in this particular order. Representation includes Mr. Niraj Kumar Singh and Ms. Bhavya Singh as advocates for the appellant, and Ms. RB. Monesh advocating for Mr. Ravi Rajagopalan, who represents the first respondent (the Resolution Professional).
Final Outcome
The bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) has adjourned the hearing of this appeal. The matter has been listed for the next hearing on 3 December 2026. No substantive decision on the merits of the case was made in this order.
This content may not be financially relevant as it constitutes a routine procedural update (adjournment) without any substantive financial, legal, or operational outcome disclosed.